APi Group Co. (NYSE:APG) Director Sells $1,898,500.00 in Stock

APi Group Co. (NYSE:APG) Director James E. Lillie sold 50,000 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $37.97, for a total transaction of $1,898,500.00. Following the completion of the sale, the director now owns 1,046,203 shares in the company, valued at $39,724,327.91. This represents a 4.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

APi Group Stock Up 1.1 %

Shares of NYSE:APG traded up $0.39 during mid-day trading on Wednesday, reaching $37.20. 1,745,201 shares of the stock were exchanged, compared to its average volume of 1,619,439. The stock’s 50 day simple moving average is $37.65 and its 200-day simple moving average is $36.09. APi Group Co. has a one year low of $31.44 and a one year high of $41.31. The company has a market cap of $10.33 billion, a P/E ratio of -18.88 and a beta of 1.54. The company has a quick ratio of 1.42, a current ratio of 1.51 and a debt-to-equity ratio of 0.96.

Hedge Funds Weigh In On APi Group

Several hedge funds have recently made changes to their positions in the business. First Horizon Advisors Inc. bought a new position in APi Group in the third quarter valued at $26,000. Blue Trust Inc. boosted its stake in shares of APi Group by 92.3% during the 4th quarter. Blue Trust Inc. now owns 804 shares of the company’s stock worth $27,000 after buying an additional 386 shares during the last quarter. Avior Wealth Management LLC bought a new position in shares of APi Group in the 3rd quarter valued at about $33,000. ORG Wealth Partners LLC acquired a new stake in shares of APi Group in the fourth quarter valued at about $34,000. Finally, Strategic Financial Concepts LLC raised its holdings in APi Group by 2,058.1% during the fourth quarter. Strategic Financial Concepts LLC now owns 227,618 shares of the company’s stock worth $82,000 after acquiring an additional 217,071 shares in the last quarter. 86.62% of the stock is owned by institutional investors.

Analyst Ratings Changes

APG has been the topic of several analyst reports. William Blair reiterated an “outperform” rating on shares of APi Group in a report on Thursday, December 5th. UBS Group dropped their price objective on APi Group from $45.00 to $44.00 and set a “buy” rating on the stock in a research note on Tuesday, February 18th. Truist Financial reiterated a “buy” rating and set a $48.00 target price (up from $45.00) on shares of APi Group in a report on Thursday, February 27th. Barclays increased their price target on APi Group from $43.00 to $44.00 and gave the stock an “overweight” rating in a report on Tuesday, November 5th. Finally, Citigroup cut their price objective on APi Group from $45.00 to $43.00 and set a “buy” rating on the stock in a report on Monday, January 13th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $44.00.

About APi Group

APi Group Corporation provides safety and specialty services worldwide. It operates through Safety Services and Specialty Services segments. The Safety Services segment offers solutions focusing on end-to-end integrated occupancy systems, such as fire protection services; heating, ventilation, and air conditioning solutions; and entry systems, which include the design, installation, inspection, and service of these integrated systems.